Efficient, Effective and Accountable Government
Last Updated: 10/07/2024
Pay debt service
Strategy: Pay debt service
Agency: 010 - Bond Retirement and Interest
A001 - Bond Retirement and Interest
This activity includes principal and interest on outstanding long-term bond debt of the State of Washington, and costs associated with bond sales. Staff who administer bond sales and debt management are not included in this agency because they work for the Office of the State Treasurer.
Debt Subject to the Debt Limit
| Account | FY 2024 | FY 2025 | Biennium Total |
|---|---|---|---|
| 001 - General Fund | |||
| State | 2,821,347,000 | 3,021,131,000 | 5,842,478,000 |
| 057 - State Building Construction Account | |||
| State | 18,212,000 | 16,743,000 | 34,955,000 |
| 10P - Columbia River Basin Water Supply | |||
| State | 3,000 | 3,000 | |
| 355 - State Tax Bld Construction Account | |||
| State | 1,538,000 | 214,000 | 1,752,000 |
| 366 - Watershed Restor Enhance Bond Acct | |||
| State | 124,000 | 144,000 | 268,000 |
| 381 - Debt-Limit Reimbursable Bond Ret | |||
| State | 238,000 | 238,000 | |
Reimbursable Debt
| Account | FY 2024 | FY 2025 | Biennium Total |
|---|---|---|---|
| 359 - School Constr & Skill Ctrs Bldg | |||
| State | 4,000 | 4,000 | |
| 383 - Nondebt-Limit Reimbursable Bond Ret | |||
| State | 55,156,000 | 48,335,000 | 103,491,000 |
Motor Vehicle Fuel Tax/Vehicle Related Fees Debt
| Account | FY 2024 | FY 2025 | Biennium Total |
|---|---|---|---|
| 09H - Transportation Partnership Account | |||
| State | 693,000 | 629,000 | 1,322,000 |
| 20H - Connecting WA account | |||
| State | 6,895,000 | 9,587,000 | 16,482,000 |
| 215 - Special Category C Account | |||
| State | 581,000 | 785,000 | 1,366,000 |
| 303 - Highway Bond Retirement Account | |||
| State | 1,432,420,000 | 1,513,089,000 | 2,945,509,000 |
| 304 - Ferry Bond Retirement Account | |||
| State | 5,952,000 | 3,280,000 | 9,232,000 |
| 305 - TIB Bond Retirement Account | |||
| State | 10,765,000 | 10,435,000 | 21,200,000 |
| 383 - Nondebt-Limit Reimbursable Bond Ret | |||
| State | 28,389,000 | 28,479,000 | 56,868,000 |
| 389 - Toll Facility Bond Retirement Acct | |||
| State | 76,368,000 | 76,376,000 | 152,744,000 |
Other Revenue Bonds
| Account | FY 2024 | FY 2025 | Biennium Total |
|---|---|---|---|
| 389 - Toll Facility Bond Retirement Acct | |||
| State | 26,562,000 | 25,372,000 | 51,934,000 |
| Federal | 233,150,000 | 153,581,000 | 386,731,000 |
| 389 - Toll Facility Bond Retirement Acct Totals | 259,712,000 | 178,953,000 | 438,665,000 |
Bond Sale Expenses
| Account | FY 2024 | FY 2025 | Biennium Total |
|---|---|---|---|
| 001 - General Fund | |||
| State | 2,800,000 | 2,800,000 | 5,600,000 |
| 057 - State Building Construction Account | |||
| State | 3,646,000 | 3,096,000 | 6,742,000 |
| 09H - Transportation Partnership Account | |||
| State | 140,000 | 126,000 | 266,000 |
| 10P - Columbia River Basin Water Supply | |||
| State | 1,000 | 1,000 | |
| 144 - Transportation Improvement Account | |||
| State | 10,000 | 10,000 | 20,000 |
| 20H - Connecting WA account | |||
| State | 1,490,000 | 1,918,000 | 3,408,000 |
| 215 - Special Category C Account | |||
| State | 122,000 | 156,000 | 278,000 |
| 355 - State Tax Bld Construction Account | |||
| State | 308,000 | 44,000 | 352,000 |
| 359 - School Constr & Skill Ctrs Bldg | |||
| State | 1,000 | 1,000 | |
| 366 - Watershed Restor Enhance Bond Acct | |||
| State | 34,000 | 34,000 | 68,000 |
| FY 2024 | FY 2025 | Biennium Total | |
|---|---|---|---|
| FTES | |||
| GFS | 1,403,302,000.0 | 1,472,921,000.0 | 2,876,223,000.0 |
| Other | 977,057,000.0 | 920,935,000.0 | 1,897,992,000.0 |
| Totals | 2,380,359,000.0 | 2,393,856,000.0 | 4,774,215,000.0 |
Expected Results
Issuance and management of the state's debt in an efficient and cost-effective manner at the lowest possible risk in accordance with federal and state regulations.
